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Property profile & analytics
OFF-MARKET
Estimated value
$735,000
Auto shops
1617 Brk Rd Richmond, VA 23220-1801
Entity Owned
7-yr Hold
Free & Clear
Property ID
US87-1107795
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1962
Construction
WOOD
Total area
3,858 SF
Lot
0.8 ac (34,935 SF)
Zoning code
M-1 LIGHT INDUSTRIAL
APN
N-000-0476-006
UPID
US87-1107795
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$831k
Blend (final)
Blend
$735k
Owner & transaction history
City Of Richmond · 7 yrs held
City Of Richmond
since 2019
7 recorded transactions
Zoning & alternative use
M-1 LIGHT INDUSTRIAL · Richmond, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$970,000
+38.1%
Commercial (general)
$710,000
+1.2%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Richmond submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Richmond submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$705,000
Current use
RETAIL STORES
$970,000
Change: +38% · Conversion: Difficult
COMMERCIAL (GENERAL)
$710,000
Change: +1% · Conversion: Moderate
MEDICAL BUILDING
$645,000
Change: -9% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$635,000
Change: -10% · Conversion: Difficult
Blend value · Realmo final
$735k
Range $662k – $809k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$191 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2020Property tax & assessments
Tax year 2020
Tax billed
$20
Tax year 2020
Assessed value
$605,000
Assessed 2024
Previous assessed
$620,000
-2.4% YoY
Effective rate
0.00%
On assessed value
Assessed land
$254,000
Assessed improvement
$351,000
Land market value
$254,000
Improvement market value
$351,000
Total market value
$605,000
Applied tax rate
3.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
1962
Construction
WOOD
Heating
YES
Stories
1
Rooms
2
Bathrooms
1
Total area
3,858 SF
Lot
0.8 ac (34,935 SF)
Zoning code
M-1 LIGHT INDUSTRIAL
APN
N-000-0476-006
UPID
US87-1107795
Jurisdiction
RICHMOND CITY
Zoning & alternative use
M-1 LIGHT INDUSTRIAL · Richmond, VA
Zoning M-1 LIGHT INDUSTRIAL · permitted uses
M-1 LIGHT INDUSTRIAL · Richmond, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Richmond. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE Current
Est. value
$705,000
RETAIL STORES
Est. value
$970,000
COMMERCIAL (GENERAL)
Est. value
$710,000
MEDICAL BUILDING
Est. value
$645,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$635,000
AUTO REPAIR, GARAGE Current
RETAIL STORES
COMMERCIAL (GENERAL)
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1962
Construction
WOOD
Heating
YES
Stories
1
Rooms
2
Bathrooms
1
Lot
0.8 ac
Current owner
From public records · entity-resolved
City Of Richmond
Entity
Free & Clear · 7 yrs held
Mailing address
900 E BROAD ST #400, RICHMOND, VA 23219-1907
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 3, 2019
$425,000
City Of Richmond
Walker,ricky C
Warranty Deed
—
Nov 16, 2017
—
Ricky C Walker
—
Deed
related
$209,000 · Virginia Cu
Dec 29, 2006
$123,000
Walker,ricky C
Price Garage LLC
Grant Deed
$122,680 · Price Garage LLC
Jan 6, 1998
$130,000
Eugene M Price
—
Grant Deed
related
—
—
—
Walker,ricky C
—
Deed Of Trust
related
$209,000 · Branch Bk&tr
—
—
Walker,ricky C
—
Deed Of Trust
related
$210,000 · Bank Of Virginia
—
—
Ricky C Walker
—
Deed Of Trust
related
$209,000 · Virginia Cu
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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